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JulsSmile [24]
3 years ago
11

The pricing function is an integral part of the companies :

Business
1 answer:
ozzi3 years ago
8 0

Answer:

Yes

Explanation:

Pricing plays an essential role for a product and organisation. At a very basic level, an organisation exists to make profit. A price must cover the cost of a good sold.

Pricing also plays a role in the perception of a product (marketing mix). For example, an Apple product is not cheap because of some perceived value of the product.

Another reason why pricing is integral is in times of competition, it may be worthwhile to use price to take market share from competitors.

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Service industry, job costing, law firm. Kidman & Associates is a law firm specializing in labor relations and employee-rela
evablogger [386]

Answer:

Explanation:

Budgeted direct cost rate= budgeted direct cost/professional labor hours available =97500/1500=$65 per labor hour

Budgeted indirect cost rate= Budgeted indirect cost/ professional labor hours = 2475000/45000= $55

Job R:

Direct cost:

Job R - 120H*65=7800

Add: Indirect cost:

120H* 55=6600

TOTAL R JOB=14400

Job P:

DC:

Job P - 160H*65=10400

IC:

160H*55=8800

TOTAL P JOB=19200

8 0
3 years ago
If your company doesn't have cash flow, which of these things is
Katen [24]

Answer:

B.

Explanation:

Without money coming into your business you will not be able to pay bills or employees.

5 0
3 years ago
Zappos is an extensive user of erp systems to enable its business processes and to coordinate activities among its many offices,
deff fn [24]

Answer:

ERP integrates different business functions, keeps track of customer information and could enhance future innovation process in an organization

Explanation:

ERP are a integrated software solutions designed for managing of company's resources and integration of all business functions, like planning, sales and distribution, finance and human resources. Transactional benefits include: tracking customer payments, information and data. Innovational advantages are: streamlining operations-it can be used for streamlining of processes through different departments; consolidating multiple data sources; providing information in real time and supporting future innovations

3 0
3 years ago
Profits and losses are split as follows: Allen (20%), Burns (30%), and Costello (50%). Costello wants to leave the partnership a
eduard

Answer:

A. $24,000

Explanation:

The missing information is shown below:

Allen capital $60,000

Burns capital $30,000

Costello capital $90,000

For computing the balance of Burns’s capital account, first we have to determine the different amount which is shown below:

= Paid amount - Costello capital  

= $100,000 - $90,000

= $10,000

This bonus amount would be deducted from the remaining partner's balances in the ratio of 3:2

For Burns, it would be  

= $10,000 × 3 ÷ 5

= $6,000

So, the burns capital amount would be

= $30,000 - $6,000

= $24,000

7 0
2 years ago
Why is Apple’s industry so competitive and how could this affect the ethical risks in Apple’s operations?
maw [93]

Answer:

Apple industry is the consumer goods technological sector.

Explanation:

This sector is very competitive because it tends to be very profitable, which means that it attracts a large number of skilled entrepreneurs and wokers who create high quality products that customers demand. This is specially true of the mobile phone sub-sector, with industry giants like Samsung and Huawei being in stiff competition with Apple.

Because of this, Apple faces several ethical risks: for one, it faces the risk of not practicing predatory pricing techniques like dumping in order to drive out competition, because this would be unfair not only to the other firms, but also to the other companies.

Another ethical risks would be more relevant for managers, and that is that managers should avoid to overestimate their ability to increase profits, because this may create false expectations on the board, on stockholders, and on the customers, leading to malinvestment, and other negative eocnomic consequences.

6 0
3 years ago
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